NFT-fi is gaining popularity, allows you to unlock liquidity by using NFT as collateral to get a loan.
Here are the projects that caught attention of major VCs.

Pine Protocol
Permissionless NFT-backed loans and NFT financing, you can Borrow crypto against NFTs instantly
Raised $1.5M
Backers Alameda Research, Sino Global Capital, Spartan Group

flowty
P2P NFT loans and rentals on Flow blockchain, enables borrowers to access liquidity using Flow-based NFTs as collateral and lenders to generate interest income by funding loans secured by NFTs
Raised $4.5M
Backers Dapper Labs, Sfermion

UNLOC
Borrow against your NFTs on Solana
Raised $1.25M
Backers Solana Ventures

DeFrag
Decentralized liquidity market protocol where borrowers can use NFT assets as collateral to get an instant loan
Backers 1inch, Synthetix, Impossible Finance

👉 https://cryptorank.io/categories/non-fungible-tokens-nft

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